Originally posted by Aaron2:
Sorry, I'm not buying this. Why would the 1,200 gp for a +1 breastplate cause "economic chaos" when the 1,500 gp for plate armor would not? Magic items are no different that high value gems or wonderful works of art. Do art dealers "collapse the local economy" as well?
No, modern art dealers don't collapse the local economy, one reason being that modern currency has grossly overinflated value. If you try to take that same work of art you'd sell for 5 million in New York and sell it in a town of 20,000 people, I can almost guarantee you there will be economic repurcussions. Secondly, there isn't a demand for these kind of exotic items. Yeah, you could take your +2 mace to the local blacksmith and try to sell it, but he likely won't want it, and wouldn't have the money to pay for it anyway.
If you use the guidlines given in the DMG for town wealth, anthing up through a large town (GP limit 3000) would be economically crippled by the sale of a +1 breastplate. If the DM decides to allow for the sale of magic items, then only a large city or metropolis could begin to support such a trade, and likely with heavy regulations enforced by the local nobility.
Also, many people seem to be overlooking one vital aspect about buying and selling magical items and what would be restricted goods (heavy armor and martial weapons). The problem is that if we use medieval society as a guideline (and D&D assumes that by default), the nobility in an area would prohibit sales of restricted items to those they didn't want to have them (ie, anyone not in their employ). This would help them cut down on crime, rebellion, banditry, as well as allowing them to have more power over the populace. Think about it- if you were a noble would you want any mercenary or yahoo adventurer able to buy half plate, bastard swords, or magical items? I think not. Also, a non-noble owning a sword in many medieval European countries was a crime punishable by death, because the sword was a symbol the noble's power and was the cutting edge military technology. Finally, heavy armors almost have to be commissioned and individually fitted to the wearer, and hiring a blacksmith to make that armor for you would be expensive- hence the high prices of heavy armor. I'm always amazed at how people fail to consider the economic and political conditions adventurers would face.